According to wikipedia, Computer security, also known as cyber security, infosec or IT security, is the protection of computer systems from the theft or damage to their hardware, software or information, as well as from disruption or misdirection of the services they provide. Denial of Service (DOS), phishing, virus and worms are some of the more common attacks in the area of cyber space.
Many organisations may slack in their preparedness in fending off possible cyber attacks. They may be lulled into complacency because nothing had ever happened to their organisations, or they may be aware of the risks but facing real constraints. According to Cisco_Annual_Cybersecurity_Report_2017, top constraints to adopting advanced security products and solutions, are budget (cited by 35 percent of the respondents), product compatibility (28 percent), certification (25 percent), and talent (25 percent). Cisco 2017 Security Capabilities Benchmark Study found that, due to various constraints, organizations can investigate only 56 percent of the security alerts they receive on a given day. Half of the investigated alerts (28 percent) are deemed legitimate; less than half (46 percent) of legitimate alerts are remediated. How about those that are not investigated?
How vulnerable are companies in Asia Pacific? According to an FT opinion, business revenues lost to cyber attacks in the Asia-Pacific region came to $81.3bn in the 12 months to September 2015, according to a survey by Grant Thornton, the professional services company. Globally, West Coast cyber risk modelling firm Cyence estimated the average individual ransom cost from recent WannaCry attacks at US$300, and the total economic costs from interruption to business at US$4 billion.
Talk to us about our complimentary vulnerability assessment, your first step in strengthening your cyber-defence readiness. Discuss with us on how to increase your preparedness before, during, and after attacks.